Copper Expected to Strengthen - Long Term

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper             Weekly – At the beginning of 2011, Copper             made a directional change and has fallen more than 50% to date. However, with the copper             demand growing, the commodity could be ready to make its next directional change in the coming months. China, the largest consumer of copper             , is seeing its economy stabilising once again after suffering during the first half of the year. This had led to copper             prices increasing over the last month and demand is expected to increase globally over the next four years. However, there is expected to be a large shortage for this growing demand and Citi Bank has predicted that this will lead to a 40% increase in copper             prices. On the technical side, we would be looking for price to break out of the triangle, followed by a break of the $2.30 level. Copper             prices along with other metals have had a weak final quarter for the past five years but this streak is highly expected to break this quarter. This would most likely mean a break of the triangle which would be a strong sign of a long term price increase. Alternatively, if price broke below $2, a strong decline would be expected.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out